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News
January 13, 2016

Report: 75% of SEC Probes of Public Companies Steered to In-House Courts

In 2014 and 2015, almost 75% of U.S. Securities and Exchange Commission actions against public companies were brought as administrative proceedings before the SEC’s in-house court, according to a report by Cornerstone Research and New York University’s Center for Law and Business.

“In the three preceding fiscal years, the figure was dramatically lower, ranging between 21% and 35%,” reports the Wall Street Journal. “No longer are federal courts the venue for the largest enforcement actions. Since 2013 the largest penalties were imposed in administrative proceedings.”

Read the full story here.

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